Wheaton Precious Metals Corp. (TSE:WPM) Given Consensus Recommendation of “Buy” by Analysts

Shares of Wheaton Precious Metals Corp. (TSE:WPMGet Free Report) have earned a consensus rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$97.67.

Several analysts recently weighed in on the company. UBS Group upgraded Wheaton Precious Metals to a “strong-buy” rating in a report on Monday, November 18th. National Bank Financial raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. National Bankshares raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$90.00 to C$105.00 in a research note on Thursday, October 10th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus raised their price objective on shares of Wheaton Precious Metals from C$90.00 to C$102.00 in a research note on Monday, October 21st.

Get Our Latest Stock Analysis on WPM

Wheaton Precious Metals Stock Up 4.9 %

Wheaton Precious Metals stock opened at C$91.42 on Friday. Wheaton Precious Metals has a twelve month low of C$52.15 and a twelve month high of C$94.84. The company’s 50-day moving average price is C$84.85 and its 200-day moving average price is C$84.26. The company has a market cap of C$41.47 billion, a PE ratio of 52.84 and a beta of 0.70.

Wheaton Precious Metals (TSE:WPMGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share for the quarter, hitting the consensus estimate of C$0.47. Wheaton Precious Metals had a return on equity of 8.16% and a net margin of 50.44%. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, sell-side analysts expect that Wheaton Precious Metals will post 2.4749013 earnings per share for the current fiscal year.

Wheaton Precious Metals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, December 6th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 0.92%. Wheaton Precious Metals’s payout ratio is 48.55%.

About Wheaton Precious Metals

(Get Free Report

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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Analyst Recommendations for Wheaton Precious Metals (TSE:WPM)

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